ADANIPOWER Relative Valuation - Adani Power Ltd

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Price: 553.7 INR 0.44%

Market Cap: 2.1T INR

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Section:

Relative Value

The Relative Value of one ADANIPOWER stock under the Base Case scenario is 715.31 INR. Compared to the current market price of 553.7 INR, Adani Power Ltd is Undervalued by 23%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

ADANIPOWER Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.9

P/S

vs History	26
vs Industry	22

Median 5Y

2.9

Industry

1.7

Forward

3.8

More Details

16.4

P/E

vs History	26
vs Industry	38

Median 5Y

11.3

Industry

15.2

Forward

16.4

More Details

12.7

P/OCF

vs History	23
vs Industry	21

Median 5Y

10.3

Industry

7.1

More Details

27.9

P/FCFE

vs History	19
vs Industry	18

Median 5Y

-0.4

Industry

14.5

More Details

3.8

P/B

vs History	38
vs Industry	11

Median 5Y

3.5

Industry

1.4

More Details

4.3

EV/S

vs History	33
vs Industry	34

Median 5Y

3.8

Industry

2.9

Forward

4.1

More Details

9.5

EV/GP

vs History	58
vs Industry	40

Median 5Y

9.8

Industry

7.7

More Details

11.1

EV/EBITDA

vs History	58
vs Industry	42

Median 5Y

12.1

Industry

10.5

Forward

10.6

More Details

13.8

EV/EBIT

vs History	85
vs Industry	47

Median 5Y

16.9

Industry

Forward

13.7

More Details

EV/OCF

vs History	44
vs Industry	34

Median 5Y

13.6

Industry

11.1

More Details

EV/FCFF

vs History	57
vs Industry	25

Median 5Y

20.5

Industry

17.2

More Details

2.3

EV/IC

vs History	22
vs Industry	12

Median 5Y

1.7

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
IN		Adani Power Ltd NSE:ADANIPOWER	2.1T INR	3.9	16.4	11.1	13.8
DE		Uniper SE XETRA:UN01	562.9B EUR	2.1	-29.7	-142.5	-87.5
SA		ACWA Power Co SAU:2082	284.4B SAR	40.6	150.6	114	142.9
US		Vistra Corp NYSE:VST	52.4B USD	2.9	23.5	10.3	17.9
IN		NTPC Ltd NSE:NTPC	3.3T INR	1.8	15.1	9.6	14.1
CN		China National Nuclear Power Co Ltd SSE:601985	196.8B CNY	2.5	20.5	18	18
CN		CGN Power Co Ltd SZSE:003816	184.8B CNY	2.1	17.1	14.1	14.1
TH	G	Gulf Energy Development PCL SET:GULF	705.9B THB	5.8	38.6	37.3	45.5
CN		SDIC Power Holdings Co Ltd SSE:600886	118.3B CNY	2.1	17.9	14.4	14.4
CN		Huaneng Power International Inc SSE:600011	103.4B CNY	0.4	13.7	13.8	13.8
HK		China Resources Power Holdings Co Ltd HKEX:836	103B HKD	1	7.2	6.3	10.9

				Revenue Growth	P/S to Growth
IN		Adani Power Ltd NSE:ADANIPOWER	Average P/S: 5.9 3.9	10%	0.4
DE		Uniper SE XETRA:UN01	2.1	0%	N/A
SA		ACWA Power Co SAU:2082	40.6	26%	1.6
US		Vistra Corp NYSE:VST	2.9	10%	0.3
IN		NTPC Ltd NSE:NTPC	1.8	7%	0.3
CN		China National Nuclear Power Co Ltd SSE:601985	2.5	10%	0.2
CN		CGN Power Co Ltd SZSE:003816	2.1	5%	0.4
TH	G	Gulf Energy Development PCL SET:GULF	5.8	5%	1.2
CN		SDIC Power Holdings Co Ltd SSE:600886	2.1	N/A	N/A
CN		Huaneng Power International Inc SSE:600011	0.4	0%	N/A
HK		China Resources Power Holdings Co Ltd HKEX:836	1	5%	0.2

				Earnings Growth	PEG
IN		Adani Power Ltd NSE:ADANIPOWER	Average P/E: 32.1 16.4	-10%	N/A
DE		Uniper SE XETRA:UN01	Negative Multiple: -29.7	N/A	N/A
SA		ACWA Power Co SAU:2082	150.6	25%	6
US		Vistra Corp NYSE:VST	23.5	7%	3.4
IN		NTPC Ltd NSE:NTPC	15.1	7%	2.2
CN		China National Nuclear Power Co Ltd SSE:601985	20.5	N/A	N/A
CN		CGN Power Co Ltd SZSE:003816	17.1	4%	4.3
TH	G	Gulf Energy Development PCL SET:GULF	38.6	27%	1.4
CN		SDIC Power Holdings Co Ltd SSE:600886	17.9	N/A	N/A
CN		Huaneng Power International Inc SSE:600011	13.7	17%	0.8
HK		China Resources Power Holdings Co Ltd HKEX:836	7.2	8%	0.9

				EBITDA Growth	EV/EBITDA to Growth
IN		Adani Power Ltd NSE:ADANIPOWER	Average EV/EBITDA: 24.9 11.1	9%	1.2
DE		Uniper SE XETRA:UN01	Negative Multiple: -142.5	N/A	N/A
SA		ACWA Power Co SAU:2082	114	46%	2.5
US		Vistra Corp NYSE:VST	10.3	1%	10.3
IN		NTPC Ltd NSE:NTPC	9.6	10%	1
CN		China National Nuclear Power Co Ltd SSE:601985	18	N/A	N/A
CN		CGN Power Co Ltd SZSE:003816	14.1	29%	0.5
TH	G	Gulf Energy Development PCL SET:GULF	37.3	6%	6.2
CN		SDIC Power Holdings Co Ltd SSE:600886	14.4	N/A	N/A
CN		Huaneng Power International Inc SSE:600011	13.8	39%	0.4
HK		China Resources Power Holdings Co Ltd HKEX:836	6.3	12%	0.5

				EBIT Growth	EV/EBIT to Growth
IN		Adani Power Ltd NSE:ADANIPOWER	Average EV/EBIT: 30.5 13.8	10%	1.4
DE		Uniper SE XETRA:UN01	Negative Multiple: -87.5	N/A	N/A
SA		ACWA Power Co SAU:2082	142.9	54%	2.6
US		Vistra Corp NYSE:VST	17.9	4%	4.5
IN		NTPC Ltd NSE:NTPC	14.1	11%	1.3
CN		China National Nuclear Power Co Ltd SSE:601985	18	N/A	N/A
CN		CGN Power Co Ltd SZSE:003816	14.1	3%	4.7
TH	G	Gulf Energy Development PCL SET:GULF	45.5	0%	N/A
CN		SDIC Power Holdings Co Ltd SSE:600886	14.4	N/A	N/A
CN		Huaneng Power International Inc SSE:600011	13.8	4%	3.4
HK		China Resources Power Holdings Co Ltd HKEX:836	10.9	11%	1

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Johnson & Johnson NYSE:JNJ	152.995 USD -0.12%
	Berkshire Hathaway Inc NYSE:BRK.A	758 799.55 USD -0.34%
	Bank of America Corp NYSE:BAC	43.52 USD 0.62%
	Mastercard Inc NYSE:MA	572.49 USD 0.52%
	UnitedHealth Group Inc NYSE:UNH	296.735 USD -2.06%
	Exxon Mobil Corp NYSE:XOM	103.43 USD -0.22%

	Franklin Covey Co NYSE:FC	22.93 USD -2.88%
	Mohawk Industries Inc NYSE:MHK	101.66 USD -0.8%
	Ardmore Shipping Corp NYSE:ASC	9.62 USD -5.22%
	ASGN Inc NYSE:ASGN	54.37 USD 0.26%
	Skyworks Solutions Inc NASDAQ:SWKS	70.945 USD -0.57%
	Weatherford International PLC NASDAQ:WFRD	46.03 USD 1.25%

	Johnson & Johnson NYSE:JNJ	152.995 USD -0.12%
	Bank of America Corp NYSE:BAC	43.52 USD 0.62%
	Mastercard Inc NYSE:MA	572.49 USD 0.52%
	Salesforce Inc NYSE:CRM	285.01 USD 0.97%
	Abbvie Inc NYSE:ABBV	183.26 USD 0.8%
	Home Depot Inc NYSE:HD	368.16 USD -0.72%

	Arista Networks Inc NYSE:ANET	92.92 USD 0.53%
	Visa Inc NYSE:V	359.5 USD 0.33%
	Texas Pacific Land Corp NYSE:TPL	1 279.02 USD -5.65%
	KLA Corp NASDAQ:KLAC	773.57 USD -0.69%
	Manhattan Associates Inc NASDAQ:MANH	188.34 USD 0.2%
	Monolithic Power Systems Inc NASDAQ:MPWR	676.92 USD -0.25%

Adani Power Ltd
NSE:ADANIPOWER

Relative Value

Valuation Multiples

Multiples Across Competitors

ADANIPOWER Competitors Multiples
Adani Power Ltd Competitors

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52 Week Range	437.65 874.5
Price Target

Adani Power Ltd NSE:ADANIPOWER

Relative Value

Valuation Multiples

Multiples Across Competitors

ADANIPOWER Competitors Multiples Adani Power Ltd Competitors

See Also

Company

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Tools

Stocks

Adani Power Ltd
NSE:ADANIPOWER

ADANIPOWER Competitors Multiples
Adani Power Ltd Competitors